World Equity Group Inc. Takes Position in Acadian Asset Management Inc. $AAMI

World Equity Group Inc. purchased a new stake in Acadian Asset Management Inc. (NYSE:AAMI) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 9,801 shares of the company’s stock, valued at approximately $701,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in AAMI. JPMorgan Chase & Co. acquired a new stake in Acadian Asset Management in the 2nd quarter valued at about $6,964,000. American Century Companies Inc. bought a new position in shares of Acadian Asset Management in the second quarter worth about $1,773,000. Russell Investments Group Ltd. acquired a new position in shares of Acadian Asset Management during the second quarter worth approximately $97,000. New York State Common Retirement Fund acquired a new position in shares of Acadian Asset Management during the second quarter worth approximately $299,000. Finally, Quantbot Technologies LP bought a new stake in shares of Acadian Asset Management during the second quarter valued at approximately $436,000. Institutional investors and hedge funds own 98.69% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on AAMI. Wall Street Zen raised Acadian Asset Management from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 10th. Weiss Ratings reissued a “buy (b-)” rating on shares of Acadian Asset Management in a research note on Friday. Royal Bank Of Canada boosted their target price on Acadian Asset Management from $72.00 to $80.00 and gave the stock a “sector perform” rating in a research report on Friday, July 31st. Evercore set a $84.00 price target on Acadian Asset Management in a research note on Friday, July 10th. Finally, Zacks Research upgraded Acadian Asset Management from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Acadian Asset Management currently has an average rating of “Moderate Buy” and a consensus target price of $81.67.

Acadian Asset Management Stock Up 1.0%

NYSE:AAMI opened at $90.76 on Tuesday. Acadian Asset Management Inc. has a 12-month low of $41.47 and a 12-month high of $93.61. The firm has a market capitalization of $3.22 billion, a P/E ratio of 32.07 and a beta of 1.30. The stock’s fifty day simple moving average is $79.50 and its 200-day simple moving average is $66.41.

Acadian Asset Management (NYSE:AAMI) last announced its quarterly earnings data on Thursday, July 30th. The company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.30. The business had revenue of $183.20 million during the quarter. Acadian Asset Management had a return on equity of 189.32% and a net margin of 15.17%. As a group, equities research analysts expect that Acadian Asset Management Inc. will post 5.07 earnings per share for the current year.

Acadian Asset Management Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Friday, September 11th. Acadian Asset Management’s payout ratio is presently 14.13%.

Acadian Asset Management Company Profile

Acadian Asset Management is a global investment management firm specializing in quantitative research and systematic strategies. Since its founding in 1986, the firm has developed data-driven models designed to identify and capture investment opportunities across equity and fixed income markets. By integrating advanced analytics, proprietary risk management tools and a disciplined investment process, Acadian seeks to deliver consistent performance for institutional clients.

The firm’s core offerings include institutional equity portfolios, fixed income strategies and multi-asset solutions.